depreciation for solar power system
chintan patel (1 Points)
07 July 2018power system.
chintan patel (1 Points)
07 July 2018
KOUSHAL JAIN
(Chartered Accountant)
(471 Points)
Replied 07 July 2018
As Per Income Tax 15% Depreciation Applicable
Anjali P Nair
(ACA,ACMA)
(582 Points)
Replied 07 July 2018
Depreciation rate is 40% for all renewable energy systems.
TransEduCenter IB
(2 Points)
Replied 17 January 2019
hello nagpur
(2 Points)
Replied 23 May 2019
Depreciation of 80 % was allowed on plant and machinery of the solar power plant. 80 % of Rs 500 lacs is Rs 400 lacs. This value can be expensed in the very first year itself, which entails the name Accelerated Depreciation, since a large value of assets is shown to have depreciated in the very beginning. solar rooftop system dealers in Nagpur will help to solve this problem.
Prachi Bansal
(3129 Points)
Replied 09 March 2021
Could someone please tell me the rate of depreciation on an automatic voltage controller?
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India